October 22, 2024 @ 11:14 am By Michael Wong  |  

Indonesia’s Financial Services Authority (OJK) has officially revoked the business license of peer-to-peer (P2P) lending platform PT Investree Radhika Jaya (Investree), citing the company’s failure to comply with minimum equity requirements and other regulatory standards. The decision marks a significant crackdown by OJK on financial… Read More

October 22, 2024 @ 11:11 am By Michael Wong  |  

Obligo, a US Fintech focused on bridging the trust gap between renters and landlords through flexible security deposit solutions, announced raising $35 million in its latest funding round. The latest investment round, co-led by True Global Ventures and 83North, comes at a time when Obligo… Read More

October 22, 2024 @ 9:00 am By JD Alois  |  

Neobank MoneyLion (NYSE: ML) has revealed the launch of “MoneyLion Checkout,” which it describes as the Amazon of financial services. MoneyLion says that users may search for hundreds of financial products, including both in-house and outside services. The company claims the services are similar to… Read More

October 22, 2024 @ 8:59 am By Omar Faridi  |  

Alex Jimenez from Backbase has shared key insights with Crowdfund Insider. Alex mainly focused on the advantages of leveraging the latest Fintech technologies and how innovative tech may be used to complement existing banking solutions. Alex Jimenez serves as the Lead Principal Consultant at Backbase. He… Read More

October 22, 2024 @ 8:32 am By JD Alois  |  

US-based Pipe is expanding into the UK by collaborating with GoCardless. Pipe is a Fintech that makes financial tools accessible to smaller firms, including embedded financing. GoCardless is a global payments firm with over 100,000 businesses, from start-ups to household names. Under the partnership, Pipe’s… Read More

October 22, 2024 @ 8:25 am By Omar Faridi  |  

A new research report for the G20 on tokenization aims to highlight the various opportunities, risks and future considerations for central banks. As explained in the update shared by BIS, tokenization could potentially have significant implications for the future of finance as well as the… Read More

October 22, 2024 @ 8:11 am By Omar Faridi  |  

LendInvest (AIM: LdINV) has reportedly secured a £300 million financing syndicate with BNP Paribas, Barclays, and HSBC. LendInvest, the UK’s platform for property finance, has recently confirmed the renewal of its £300 million revolving warehouse financing agreement with BNP Paribas, Barclays Bank PLC, as well… Read More

October 22, 2024 @ 8:06 am By Omar Faridi  |  

Estateguru has shared their latest loan portfolio overview for the month of September 2024. Estateguru are pleased to share the key highlights from the past month, which has been a solid period for the investment platform. Estateguru reports that they saw fairly steady / consistent… Read More

October 22, 2024 @ 8:05 am By Tony Zerucha  |  

As more companies gravitate toward card programs to drive customer attraction and retention, they are learning that success significantly depends on the quality of the customer experience. Today, Marqeta (NASDAQ:MQ) released a pair of tools designed to make creating front-end payment experiences a much easier… Read More

October 22, 2024 @ 8:02 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) has approved proposals from two different exchanges in order to list and trade options on several bitcoin ETFs, thus helping with further expanding the range of crypto-focused investment products for US based investors. As mentioned in the SEC… Read More

October 22, 2024 @ 1:37 am By Omar Faridi  |  

Matrixport, a crypto financial services hub, announced the completion of its all-cash acquisition of Crypto Finance (Asset Management) AG (CFAM), which is a licensed Swiss digital asset manager that had earlier been part of the Deutsche Börse Group-owned Crypto Finance Group (CFG). Now doing business… Read More

October 21, 2024 @ 11:21 pm By Omar Faridi  |  

CMU OmniClear Limited, a wholly-owned subsidiary of the Hong Kong Monetary Authority (HKMA) and SIX signed a Memorandum of Understanding (MOU) for cooperation in securities depository and settlement to foster the growth of cross-border investment. Based on the MOU, the two parties will now aim… Read More

October 21, 2024 @ 10:32 pm By Omar Faridi  |  

PropertyLoop enables landlords to find tenants, manage their properties and then remain compliant all in one place. PropertyLoop has raised £311,007 from 70 investors (at the time of writing) of its £350,000 target via Republic Europe (previously doing business as Seedrs). There are, at the… Read More

October 21, 2024 @ 9:21 pm By Omar Faridi  |  

Cash App and Lyft are partnering to give digital-first consumers more flexibility when taking a ride. This collaboration puts the accessibility of paying with Cash App Pay front and center, focusing on the preferences of the tech-savvy customers. With an integrated Cash App Pay partnership,… Read More

October 21, 2024 @ 9:17 pm By Omar Faridi  |  

Three in four business professionals in the tech sector (74%) believe that the results of the upcoming US election will have a significant impact on the US tech industry’s ability to stay ahead or relevant when compare to their international competitors. Ernst & Young LLP… Read More

October 21, 2024 @ 4:14 pm By JD Alois  |  

Spanish bank Santander showed up to ring the closing bell at the New York Stock Exchange today to celebrate the launch of Openbank by Santander. Openbank is a digital-only bank powered by Santander. The company explains: Openbank, a division of Santander Bank, N.A., combines Santander’s… Read More

October 21, 2024 @ 3:23 pm By Omar Faridi  |  

CBInsights has released their State of Fintech Q3’24 Report. CBInsights noted in their latest research report that overall Fintech deal volume has reached its lowest point since the year 2017 as investors appear to shift bets to “more emerging” areas of opportunity. CBInsights added that… Read More

October 21, 2024 @ 3:21 pm By Omar Faridi  |  

Copper.co, a key player focused on digital asset custody, collateral management, and prime services, has partnered with CRYMBO, an orchestration platform which unifies fragmented TradFi, CeFi & DeFi infrastructure. CRYMBO uses a single API to connect to ecosystems serving as a crypto gateway under the… Read More

October 21, 2024 @ 3:18 pm By Omar Faridi  |  

Herald, the digital infrastructure provider for commercial insurance, announced a $12 million Series A round co-led by Lightspeed Venture Partners and Brewer Lane Ventures with participation from Afore Capital and Underscore Venture Capital. The proceeds from the funding round will now aim to support Insurtech… Read More

October 21, 2024 @ 3:17 pm By Omar Faridi  |  

Splitero, the financial technology company that provides homeowners better options to access their home equity, announced today that it has a $300 million investment from funds managed by Antarctica Capital. This announcement comes at a time of “record” home equity. U.S. homeowners collectively hold $11.5… Read More